Arizona Lithium Limited (AU:AZL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Arizona Lithium Limited has successfully raised AUD $11 million through the strategic sale of non-core land and data from its Prairie Lithium Project to Homestead Energy Inc., without diluting shareholder equity. The deal involves approximately 51,600 acres of mineral title and related data, bolstering the company’s capital to further develop its main project area. The proceeds will be directed towards achieving commercial production at the Prairie Lithium Project by 2025.
For further insights into AU:AZL stock, check out TipRanks’ Stock Analysis page.
